Ok I'm making my first bag, Iv'e never knitted in the round. I need some help the recipe saysk 34 rs garder then pick up and k16 along the left edge, pick up and k 39 along the co edge.
My ? is after the 34 rws do I bind off?

You've been knitting the bottom flat to this point, right? Don't bind off. Just start picking up the stitches all around the bottom. If you bind off, you'll just have to pick up the stitches that are on your needle now.